By Gabriel Madway

EA posted earnings on Monday that declined compared with last year, but profit topped analysts' forecasts. The company also announced layoffs of 1,500 positions in another round of restructuring and shares rose in extended trading.

Electronic Arts has acquired privately held Playfish for $275 million in cash plus other consideration as the maker of the "Madden NFL" series expands in the growing social gaming sector.

Electronic Arts Inc has acquired privately held Playfish for $275 million in cash plus other consideration as the maker of the "Madden NFL" series expands in the growing social gaming sector.

It’s no secret the video game industry is having a rough 2009 here in the United States — but that's not the only place it's struggling.

What follows is a roundup of corporate earnings reports for Monday, Nov. 9.

While there are now over 100,000 apps in the Apple App store, the vast majority of them were created on a shoestring budget. With customers flocking toward lower-priced program, it just doesn’t make business sense to spend big development dollars—especially on games, the App store’s most crowded category.

Video game publisher Activision Blizzard Inc. is scheduled to report third-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period.

The video games sector has yet to gain from a downturn where consumers stay home to play, but social games creator Playfish says the industry is just beginning a new growth spurt.

The third quarter of 2009 was a pretty horrendous one for the video game industry. Year over year sales plummeted amid a lack of ‘must have’ games. Now, as earnings season draws near, game makers are about to face the consequences.

HELSINKI, Oct 30 - Nokia Oyj will close its battered gaming service N-Gage next year, acknowledging failure in its first major services offering.

What do Jigsaw from "Saw," Freddy Krueger, and Jason from "Friday the 13th" all have in common, besides serial killing? Video games, if the horror stars' latest round of promotions are to be believed.

What do Jigsaw from "Saw," Freddy Krueger, and Jason from "Friday the 13th" all have in common, besides serial killing? Video games, if the horror stars' latest round of promotions are to be believed.

The holiday season is crunch time for video game publishers, who are pinning their hopes on a slew of big releases to make up for lackluster sales this year.

Despite an extensive marketing campaign, positive reviews and some of the most widespread media attention ever given to a video game, “The Beatles: Rock Band” had a relatively lackluster first month on store shelves.